Why Is the Price of Shiba Inu ($SHIB) Dropping Today?

The price of the meme-inspired cryptocurrency Shiba Inu ($SHIB) is down by over 8% in the last 24-hour period and is now trading at $0.000043 per token. SHIB's price performance today is being affected by wider market factors, as the entire crypto market shed around $80 billion in the same period. According to available data,

Timeline of Shiba-inu